Schneider National (NYSE:SNDR) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Schneider National (NYSE:SNDR) had its price objective upped by equities research analysts at Stifel Nicolaus from $28.00 to $31.00 in a report released on Thursday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 3.82% from the stock’s previous close.

Several other research firms also recently commented on SNDR. Citigroup downgraded shares of Schneider National from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $32.00 to $30.00 in a research note on Tuesday, November 12th. Bank of America increased their target price on Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Susquehanna lowered their price objective on Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Evercore ISI cut their target price on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Schneider National currently has a consensus rating of “Hold” and an average price target of $29.38.

Schneider National Price Performance

Shares of Schneider National stock traded up $0.07 on Thursday, hitting $29.86. 224,516 shares of the company traded hands, compared to its average volume of 771,388. Schneider National has a 12-month low of $20.50 and a 12-month high of $33.90. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a market cap of $5.23 billion, a P/E ratio of 48.06, a P/E/G ratio of 1.90 and a beta of 0.93. The firm’s 50-day simple moving average is $30.50 and its 200 day simple moving average is $28.40.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. Analysts expect that Schneider National will post 0.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Schneider National

In related news, CAO Robert M. Reich, Jr. sold 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $31.69, for a total value of $198,062.50. Following the completion of the transaction, the chief accounting officer now directly owns 155,366 shares in the company, valued at $4,923,548.54. The trade was a 3.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shaleen Devgun sold 10,000 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $29.04, for a total value of $290,400.00. Following the sale, the insider now owns 95,191 shares in the company, valued at approximately $2,764,346.64. This represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,555 shares of company stock worth $2,153,011. 32.68% of the stock is owned by insiders.

Institutional Trading of Schneider National

A number of large investors have recently made changes to their positions in SNDR. Thrivent Financial for Lutherans boosted its holdings in shares of Schneider National by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company’s stock worth $83,184,000 after buying an additional 48,905 shares during the last quarter. Earnest Partners LLC boosted its stake in Schneider National by 25.5% in the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock worth $52,334,000 after purchasing an additional 440,545 shares during the period. State Street Corp raised its position in shares of Schneider National by 75.4% during the third quarter. State Street Corp now owns 1,730,769 shares of the company’s stock valued at $49,545,000 after buying an additional 743,800 shares during the last quarter. Copeland Capital Management LLC boosted its position in shares of Schneider National by 0.3% during the third quarter. Copeland Capital Management LLC now owns 1,584,178 shares of the company’s stock worth $45,212,000 after acquiring an additional 4,458 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in Schneider National by 16.4% during the third quarter. New York State Common Retirement Fund now owns 1,491,876 shares of the company’s stock valued at $42,578,000 after acquiring an additional 209,787 shares in the last quarter. 28.54% of the stock is currently owned by institutional investors.

About Schneider National

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations.